Crypto market turned ‘red’, Bitcoin, Ether fall, know the condition of rest of the cryptocurrency

The cryptocurrency market is once again struggling with a decline after seeing a strong price on Wednesday. The price of Bitcoin, the world’s most popular cryptocurrency, has seen a decline of 2.34 percent in the last 24 hours. Its price is now above the $23,400 (approximately Rs 18.64 lakh) mark on global exchanges, while BTC is priced at $25,313 (approximately Rs 20.16 lakh) on Indian exchange Coinswitch Kuber, down 2.32 per cent in the last 24 hours. The price of bitcoin on global exchanges such as CoinMarketCap, Coinbase and Binance is $23,444 (approximately Rs 18.67 lakh), while data from CoinGecko shows that the value of BTC is down 2.1 percent compared to last Thursday.

Ether, the world’s second most popular cryptocurrency, also appeared to follow the path of bitcoin and slipped below the $2,000 mark. At the time of writing this, the value of Ether on Coinswitch Kuber is $1,964 (approximately Rs 1.56 lakh). The value of this crypto on global exchanges has fallen by 2.72 percent in the last 24 hours and the price is at $1,850 (about Rs 1.47 lakh).

According to data from CoinGecko, the price of ether is down about 0.2 percent compared to last Thursday. Gadgets360’s cryptocurrency price tracker shows that most major altcoins are in a downtrend. The global crypto market cap also saw a decline of 3.09 percent in Wednesday and early Thursday.

Polygon, Polkadot, Uniswap, Cosmos, Solana, Monero, Cardano, Cosmos, Avalanche and BNB have seen price declines in the last 24 hours. Shiba Inu and Dodgecoin prices are also declining. Dodgecoin is currently valued at $0.09 (approximately Rs 7.6), after falling 7.26 per cent over the past 24 hours, while the Shiba Inu is valued at $0.000016 (approximately 0.001291), down 2.05 per cent from the previous day.

The CoinDCX research team told Gadgets 360 that the open interest for Ethereum options crossed $8.2 billion (about Rs 65,318.5 crore). It rose to over $5.4 billion (approximately Rs 43,013 crore) in comparison to bitcoin, as traders are betting on ethereum.

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